Boyd Gaming Reports Strong Q2 2025, Plans FanDuel Divestment and $500M Share Repurchase
Boyd Gaming Corporation has reported a strong second quarter in 2025, with net income of $150.4 million and revenue growth to $1.0 billion. The company also announced plans to divest its equity stake in FanDuel and repurchase $500 million of its shares.
Boyd Gaming's Midwest & South segment showed stability, with Treasure Chest Casino driving growth. The Las Vegas Locals segment experienced its strongest quarter in over two years, with nearly 50% margins. Online casino games and market-access agreements contributed to the online segment's growth. Boyd Gaming's balance sheet held $320.1 million in cash and $3.6 billion in debts as of June 30, 2025. The company paid a quarterly dividend of $0.18 per share and plans to enhance shareholder value through strategic expansions and operational efficiencies.
The board of directors approved the repurchase of an additional $500 million of the company's shares, reflecting confidence in its future prospects. Boyd Gaming's total adjusted EBITDAR for Q2 2025 was $357.9 million, up from the prior year.
Boyd Gaming's strong Q2 2025 results, coupled with its plans to divest from FanDuel and repurchase shares, indicate a focus on growth and shareholder value. The company's diverse segments and strategic plans position it well for continued success.
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